Student Loans 101 | College & Medical School

Student Loans are an unfortunate reality for most pre-med and medical students who are training to become future doctors. Let's discuss the basics of student loans so you can graduate in the best financial position possible.
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TIME STAMPS:
00:22 - What are Student Loans?
01:07 - Student Loans in College/Undergrad
01:25 - Go to an Affordable School
02:01 - Work Study or Part-Time Job
02:28 - Minimize Living Expenses
02:56 - Be Intelligent with Loan Options
03:11 - Student Loans in Medical School
03:28 - Consider Maxing Out Loans in Senior Year of College
03:43 - Consider Cost of Living of the City
03:59 - Apply to Free Tuition Medical Schools
04:16 - Continue to Live Frugally
04:33 - Seek University Loans
04:44 - Consider Contract Scholarships
05:10 - Consider Debt When Choosing a Specialty
05:29 - Apply to Scholarships like the Med School Insiders Annual Scholarship
05:50 - Managing Loans as a Resident Physician
07:13 - Managing Loans as an Attending Physician
LINKS FROM VIDEO:
How to Get Medical School Paid For: • COST of MEDICAL SCHOOL...
Top Paid Specialties for Doctors: • Top 10 Highest Paid Do...
Med School Insiders Annual Scholarship: medschoolinsiders.com/medical...
#medicalschool #studentloans #premed
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Disclaimer: Content of this video is my opinion and does not constitute medical advice. The content and associated links provide general information for general educational purposes only. Use of this information is strictly at your own risk. Kevin Jubbal, M.D. and Med School Insiders LLC will not assume any liability for direct or indirect losses or damages that may result from the use of information contained in this video including but not limited to economic loss, injury, illness or death. May include affiliate links to Amazon. As an Amazon Associate, I may earn a commission on qualifying purchases made through them (at no extra cost to you).

[@MedSchoolInsiders]

Speaking of student loans, here's how you can minimize the cost and actually get medical schools to give you $200k in scholarships: kzbin.info/www/bejne/qYmYgXqoZrOthbM

[@quinnashbarrow251]

I've wanted to be a surgeon since I was a kid. I'm currently in University for my undergrad. Every time I get discouraged I come to your channel for not only a boost, but a reality check. Thanks for making these. It helps me stay focused on getting to where I want to be ❤️

[@shuaibb8992]

Hey, update?

[@zardoyaa]

Update?

[@tonimacaroni8894]

"Avoid the Stripclub" - Dr. Jibbal (2019)

[@melaniekelso6609]

Toni Macaroni 😂😭

[@howtomedicate]

Hahaha, best advice 👍🔥

[@gracetaylor6309]

Lol 😂 so weird. I didn’t realize that was an expense for most people

[@MedSchoolInsiders]

Adds up quick yo!

[@tracy_cakkes]

Grace Taylor saaame 😂

[@gb.03]

the government, schools, and loan companies have partnered to keep tuition high. Then they try to "help" you pay it off even though they caused the whole problem

[@reality6522]

What a scam. They should be prosecute.

[@stevencooper4422]

Fortunately I think interest rates will continue to drop these next couple of years

[@katrinaumana2127]

The government is the problem. They passed unconstitutional laws that took away bankruptcy protections. They then guarantee the loans. It's not a concidence that college costs went up faster after Obama kicked out private loan companies.

[@vielkasuriel8546]

I just took out my first college loan and it felt like i was signing my life away. 😣

[@drelezar7745]

@Ying Fipling actually it depends on a lot a lot including country yes, but also school, individual income, and individual economic skills

[@slayrapaulson]

Theses videos are so helpful for the long run. Thank you for me and the other people who want to go to medical school

[@MedSchoolInsiders]

Thanks for watching!

[@slayrapaulson]

Med School Insiders your welcome love your content 🤠

[@MedSchoolInsiders]

Finances are often ignored because they aren't pretty for pre-med and medical students. What financial topics should I cover next?

[@The_Revolutionist]

Your video will be useless once we get Bernie Sanders elected. College should be free for all!

[@thedude5040]

@@The_Revolutionist no they shouldn't. Then again after premed i switched to engineering even though i had a 29 mcat score. 200k of medical school debt kept me out

[@The_Revolutionist]

@@thedude5040 Yes, they should. Education is a human right, just like healthcare. Bernie's plan would also have canceled your "200k medical student debt" instantly if you attended medschool before College for All. So you shouldn't have switched to engineering for that reason... you made a mistake here.

[@thedude5040]

@@The_Revolutionist university education is not a basic right, bernie is wrong. Post secondary education is a privilage. On a macro level the united states does not have enough money for free education.

[@The_Revolutionist]

@@thedude5040 Yes it has. If Europe can already afford it, then America can also afford it now. There should be no more privileges in today's advanced and civilized societies. Are you saying you're a primitive society? More primitive than Europe?

[@ephackett]

This is everything I've wanted post-acceptance. Thank you for this amazing video.

[@kaitlineblen4724]

Go Bruins! I'm a first year undergrad and I'm super stoked to be able to learn from someone who has been in a very similar position!

[@reality6522]

You graduate, you are not employed in your field of study, you take some underpaid odd job, and yet you are still require to pay back your student loans. This should be a crime.

[@robertguard8038]

Imagine thinking that not paying your debt back isn't the crime lol

[@seokkchan993]

Student Loans is still a foreign concept to me, probably because it's not common. Here in the PH the only ways to pay for the tuition fee in Medical School are scholarships or those who can afford it (based on other people's and my family physician's experiences). Thanks for the informative video.

[@ej_l2525]

Med school can wait. I'll have to learn how to be financially independent and learn more about stocks and forex then i can use that leverage to pay for my tuition fees and do well on my premed years

[@thelifeofnicx]

Facts

[@adrianortiz9486]

This is exactly what I want to do!! It’s been a year, how did it work out!?

[@howtomedicate]

They should teach this in college!

[@lookitsacactus5872]

Hello!!! I'm a pre-med student, not from America, but your videos are still very helpful

[@user-lu6yg3vk9z]

Why is the cost of school going up , but yet these school teach the same recycled info year after year. You would assume with advancing of technology would lead to decreasing tuition. Makes no sense.

[@user-zj9kw9lh1i]

true and true , the rich get greedy and want to keep getting richer .

[@ruthfanfan961]

Thank you for sharing about the cost of medical school. The more hear it, the better I feel about the shortcomings that that prevented me from even getting to the point where I would stress about it. I love the student debt loan management videos because it helps me make smarter choices about taking out a hmm loan in the future.

[@franksiegle1821]

Hello Ruth Fanfan , I got in touch with gina@creditmasterfixllc-com and she helped me ... Am very sure she can also help you too

[@naamwynn346]

Hey, My experience with gina@creditmasterfixllc-com is great. If you need your credit to get right..Just email them. All stars as far as I am cocern.👍👍👍👍

[@jennybowell4778]

I love gina@creditmasterfixllc,com they is some very good people to work with thank you. An they make shore everything is done perfectly.

[@willgazlay5711]

Do the MD/PhD or get an undergraduate degree that will allow you to work a part time tech position (chemistry/biology).

[@danielknott189]

I hope to become a gastro your videos are really helpful and guide me through this big journey

[@keshavk]

Please make that video about PSLF! Thanks Kevin!

[@hachi1340]

I want to become psychiatrist can you please make video related to it????

[@aesirvillagenetwork4411]

ahhh I hate when people say they cant go to college because they're broke! Man i came to the US when i was 15, i learned how to speak English, and at the same time i did well in high school!. Once i applied to college i decided to create a construction company which it helped me to pay for my college and get experience in the construction field. You can do it !!!

[@Anna-hs2ci]

Love ur videos

[@easymedicinebytmd8247]

I am lucky that I found a bank to pay me a loan but everything beside medicine wasnt an option!

[@geraldocharles8720]

Great video

[@samirchaudhry1824]

Damn bro, I wish I saw this video my freshman year of college. Everyone take notes!

[@hydrohasspoken6227]

Did you go to the stripclub that much?

[@audreylising3691]

I hope you can give tips for imgs to match to us residency! thank you!

[@billrussell4832]

can you do one for dental school? I've heard that dental school is pretty expensive.

[@YAYGamingYourOwnSenpai]

currently at SGU and its about 93k per year here. this is no joke, you work hard here and pass or go broke for life.

[@MV-qw2dw]

Same here. I did a rotation in Argentina where medical students have a free education along with German students and linked med schools between Argentina and Germany. the students there are debt free and able to get a residency in the US. A huge slap to the face to anyone who attends offshore Caribbean schools like SGU. However they don't want you to know this.. obviously to make money. Overall the US education system is all about selling the American dream. Something that's a shame. If I could turn back time I would have gone to another country medical school.

[@090usa]

Hey, thanks for the great video! my daughter like to do running start for two years in community college (pre-med courses) and do another 2 years in pre-med college. if she does like that, do you think she can get admission to a good medical college? We leave in Seattle Washington.

[@dp5388]

Please make a video on DO doctors !!!

[@shantiponks]

>I had to front the cost of med school >I got a full ride scholarship Pick one.

[@henrynguyen475]

Shant Ohanian He knew that he wouldn’t get financial help from his parents, so he knew that he’d have to “front” it. The scholarship was his way of paying for it and “fronting” the cost. In a previous video, he said that the scholarship covered almost everything, but he did still have a few expenses to account for after all was said and done. Hope this helps!

[@MedSchoolInsiders]

@@henrynguyen475 Thanks Henry =)

[@dannyvuong1023]

Amazon let’s you rent certain textbooks too! Don’t discount that either! I rented my bio book for only ~$25 this semester.

[@thedude5040]

Just wait until a professor gets a "new edition"

[@anamarianovak9027]

In which program are these videos made?

[@tomh6387]

Hello and sending love from Australia- praying the U.S. soon adopts our student loan policy of no interest and pay when you can scheme!

[@m136dalie]

The day the US does that is the day they introduce universal healthcare

[@thegirlinthewonderland3308]

Do I as an international student need to put any form of mortgage if I want to take loan?

[@matthewwilson2284]

Hello! Can you create a video discussing the potential lucrativeness of pursuing a NIH-funded MSTP program as a pathway for financing medical school? I am genuinely interested in developing research competence as well.

[@edwardannohjr]

Hello Med School Insiders, where do I actually get an educational loan as an international medical student?

[@sneakershowcase3992]

I’ll just stick with McDonald’s...

[@educationSkills1616]

How much you can take student loan s for college and medical school

[@rlbnll123]

So I can max federal loans and get private? My schools coa doesn’t take into consideration my 10 month olds needs in addition to my wife being his caretaker

[@thedude5040]

I had to turn down my work study because i made too much working on campus. I worked in the dorm dishroom.

[@lisbethvazquez1466]

Could u tell me the steps for becoming a doctor from high school and forward? I know you’ve done videos and stuff that talks about certain steps but I would still like to be told

[@thedude5040]

Imo the best option is: do nursing but take advanced biology and chemistry classes. Always seek out shadowing oppertunities. This way when you graduate you have medical experience when you apply to med schooo. Also if you fail to get into medical school you at least have the bsn degree for a cool $60k starting wage

[@Zetsuke4]

Nice

[@tatianaflores7512]

Do one for vet schools!!

[@jutkafarkascatchthef]

Do you have advice for someone who has to start a new carrier at age 50

[@tannermorehead9107]

community collage

[@user-zj9kw9lh1i]

bro if you don't have it figured out by 50 you are in big big BIG trouble , you can do literally anything if you really really want to .

[@user-zj9kw9lh1i]

@Less Confused are you really taking my statement literally and think you you can become logical by my statement you must be stupid .

[@alimsh1803]

Don't I need a cosigner to get these amounts of loans?

[@elizabethjolly2942]

Are there any channels similar to this for highschool students?

[@franksiegle1821]

I can vouch for Gina when it comes to credit related problems and clearing of debt i don’t know how she did it but she increased my scores from 496 to 795 and and cleared all my credit card debt she did it professionally in a short period, ­she is a life saver guys. You can reach out and tell her i referred you Creditmasterfixllc?com or email her on GINA at CREDITMASTERFIXLLC dot COM You won't believe it until you see it.

[@ayushipatil4504]

In India we have both government funded medical schools and private med schools For getting into govt ones you have to give an exam in which like 1,500,000 students compete for 60,000 seats Well at least we don't have student loan crisis

[@irene.5798]

what about private med?

[@ayushipatil4504]

@@irene.5798 those are for rich kids you have to pay like 60 lac inr which is equal to 83000 dollars just to get in You really don't have to be smart to be a doctor if you are rich,just get the minimum qualifying scores

[@user-zj9kw9lh1i]

@@ayushipatil4504 that is sooo bad ya need to change the system over there .

[@rogersc4107]

Try going to med school for a year and having to quit after first year because you no longer have money to attend. And, you no longer qualify for loans because your parents no longer make more than 70k. Ya that's Canada. Story of my life

[@yup.itsadilene9258]

I have no help for college but Fafsa and my other scholarships cover my tuition and books so I’m basically there for free. I’m not sure how to go to medical school if I have no help from anyone, I don’t want to rely on loans for everything

[@franksiegle1821]

Hello Yup.ItsAdilene , i got in touch with gina@creditmasterfixllc-com and she helped me ... Am very sure she can also help you too

[@naamwynn346]

Hey, My experience with gina@creditmasterfixllc-com is great. If you need your credit to get right..Just email them. All stars as far as I am cocern.👍👍👍👍

[@jennybowell4778]

I love gina@creditmasterfixllc,com they is some very good people to work with thank you. An they make shore everything is done perfectly.

[@BOSSMODELIFESTYLE]

Boss Mode

[@itsdwish]

I don’t think Columbia is free tuition as NYU is. They are instead a debt free tuition which is different, but still obviously amazing.

[@arusha6]

I think its free only for the internal medicine program.

[@user-zt5no2jg7j]

Please do "So you want to be oncologist "

[@MV-qw2dw]

I did a rotation in Argentina where medical students have a free education along with German students and linked med schools between Argentina and Germany. the students there are debt free and able to get a residency in the US. A huge slap to the face to anyone who attends offshore Caribbean schools like SGU, Ross, etc... However they don't want you to know this.. obviously to make money. Overall the US education system is all about selling the American dream. Something that's a shame and a burden to the new generation. If I could turn back time I would have gone to another country's medical school.

[@m136dalie]

Glad I live in Australia where student debt isn't a concern for us! Almost seems a bit depressing in the US. Your debt doesn't even leave you when you're bankrupt?? Sounds awful. Also, 10% interest! How is that even legal?

[@ellenrushanian6882]

Maxiluc how does it work in Australia?

[@m136dalie]

@@ellenrushanian6882 For Australian citizens it costs 10k a year which gets put on your HECS debts. Basically you only pay when you're earning above a certain salary, so if you're not earning enough money you don't have to pay.

[@binabutternborajelly]

so my school is offering me $41,000 which cuts my cost down to $13,000 per year and I am terrified because my family is not showing any sign of wanting to pay.they said community but the community college does not have my major. i am trying to apply for last minute scholarships (it being late May and all) and i am trying to consider whether or not student loans are worth it and where to look. if anyone can please help me that would be great bc i am having breakdowns from the panic and worry my family is causing me.

[@franksiegle1821]

Hello nathesamurai, i got in touch with gina@creditmasterfixllc-com and she helped me.... Am very sure she can also help you too

[@naamwynn346]

Hey, My experience with gina@creditmasterfixllc-com is great. If you need your credit to get right..Just email them. All stars as far as I am cocern.👍👍👍👍

[@jennybowell4778]

I love gina@creditmasterfixllc,com they is some very good people to work with thank you. An they make shore everything is done perfectly.

[@williambenefiel4925]

Wow! I didnt believe they really work, I thought my sister was just ranting about how fast Gina got her credit fixed lol. Thats really nice, I'll definitely check them out now.

[@certifiedlover2748]

In community college, just major in biology, chemistry, anything in science. You don’t have to major in a science to go a medical school as long as you take the prerequisites for med school

[@DrAdnan]

Guess I’ll need to refinance and move to Alaska 😂

[@Zetsuke4]

?

[@johnsonlive9173]

Who is the guy in profile picture

[@Zetsuke4]

@@johnsonlive9173 some movie meme from got

[@xx-ok1dq]

literally I never imagine u people suffer this much for going to uni, I am bowing for you surviving all of that, we have free education here that's why I am saying that('_')

[@chikaemmaculata7481]

Sorry, please which country are you in?

[@Samdhx]

Hi dr jubbal , Is it worth going to Russian medical school to save money as an American.

[@franksiegle1821]

Hello Samman Dhakal , I got in touch with gina@creditmasterfixllc-com and she helped me... Am very sure she can also help you too

[@naamwynn346]

Hey, My experience with gina@creditmasterfixllc-com is great. If you need your credit to get right..Just email them. All stars as far as I am cocern.👍👍👍👍

[@jennybowell4778]

I love gina@creditmasterfixllc,com they is some very good people to work with thank you. An they make shore everything is done perfectly.

[@donaabirached6919]

can international students get these kinds of loans ?

[@franksiegle1821]

Hello Dona Abirached , I got in touch with gina@creditmasterfixllc-com and she helped me.... Am very sure she can also help you too

[@naamwynn346]

Hey, My experience with gina@creditmasterfixllc-com is great. If you need your credit to get right..Just email them. All stars as far as I am cocern.👍👍👍👍

[@jennybowell4778]

I love gina@creditmasterfixllc,com they is some very good people to work with thank you. An they make shore everything is done perfectly.

[@ethanburner3783]

Wow! I didnt believe they really work, I thought my sister was just ranting about how fast Gina got her credit fixed lol. Thats really nice, I'll definitely check them out now.

[@thewyattt9668]

Bruh there’s like maybe 10 ppl out of ur entire views in this vid that could realistically get into NYU, Colombia, top 10 school

[@user-zj9kw9lh1i]

is it hard ?

[@naamwynn346]

Hey, My experience with gina@creditmasterfixllc-com is great. If you need your credit to get right..Just email them. All stars as far as I am cocern.👍👍👍👍

[@minashai7718]

As a person on uni in country with free education I have no idea why I am watching. Our uni even pays us like $100 per semestr just becouse. We dont have to pay anything exept housing (we dont have campus so we rent apartment in the city) and food.

[@johnsonlive9173]

Where do you live definitely not America

[@minashai7718]

@@johnsonlive9173 Czech republic

[@samuelsmithmed214]

Cries bc I have Master's degree loans on top of all this.

[@kaitlynkilpatrick36]

Same i did a SMP with a linkage. I am a first yr and already in 75k debt 😒

[@Spencer_Thatcher]

Post 9/11 Chapter 33 GI bill. College was free and I was paid 2300 dollars a month in living expenses. Also did workstudy, Going to school was very lucrative

[@angelachanellehuang5663]

Rn school is $100,000

[@hydrohasspoken6227]

Avoiding the stripclub is painfully difficult. More than studying medicine itself.

[@Abellonium]

Lord Jesus save us all

[@user-zj9kw9lh1i]

do what you can jesus is busy at the moment

[@andrewwong8888]

F

[@Marckymarck]

Lol in sweden we get paid to study

[@NinaR478]

Avoid the strip clubs 😂😂

[@williambaldwin9346]

I dodged the student loans by you know... not being dumb and going to college.

[@chickenwang8786]

me watching this as a hs junior: 👁👄👁

[@btalex]

Haha me rn I’m stressing myself out

[@psyiconiclives4803]

Just don’t do loans. They ruin your whole college career.

[@psyiconiclives4803]

ok karen

[@linonacnh9915]

Fischer Cushing it’s literally impossible for so many people. I’m guessing you either had help from someone or you had fantastic grades and got merit based scholarships.

[@nishthedr]

Well, than... HOW TF DO I PAY 60K PER SEMESTER AND LIVING EXPENSES,... I am scared and still in High school 😭😭😭

[@jordyalmonte42]

It’s easy to say that when mommy and daddy make more than enough to keep you dept free

[@The_Revolutionist]

Vote Bernie Sanders instead of losing your time on that video if you really care about the cost higher education today.

[@matheusvitor9456]

Please make a video on DO doctors !!!